MRAEX: Meridian Enhanced Equity Fund® - MutualFunds.com
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Meridian Enhanced Equity A

MRAEX - Snapshot

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return 21.6%
  • 5 Yr Annualized Return 20.5%
  • Net Assets $60.3 M
  • Holdings in Top 10 38.7%

52 WEEK LOW AND HIGH

$15.82
$11.08
$17.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.64%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 140.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification


Compare MRAEX to Popular U.S. Large-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$69.00

-0.25%

$255.67 B

0.25%

$0.17

2.16%

-

$311.86

-0.79%

$152.72 B

0.55%

$1.74

-0.60%

-

$250.11

-0.57%

$145.66 B

0.51%

$1.28

-1.27%

-

$129.46

-1.04%

$145.66 B

-

$0.00

-0.80%

-

$16.63

-0.84%

$136.39 B

-

$0.00

-0.78%

-

MRAEX - Profile

Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return 19.2%
  • 5 Yr Annualized Total Return 19.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.50%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Meridian Enhanced Equity Fund®
  • Fund Family Name
    Meridian
  • Inception Date
    Nov 15, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Clay Freeman

Fund Description

The fund will invest at least 80% of its net assets in long or short positions in equity securities. Equity securities include, but are not limited to, common and preferred stocks as well as convertible securities, such as options, in domestic and foreign companies. It may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies.


MRAEX - Performance

Return Ranking - Trailing

Period MRAEX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -3.7% 25.7% 68.29%
1 Yr 25.7% -9.0% 145.0% 77.60%
3 Yr 21.6%* -6.6% 51.8% 42.98%
5 Yr 20.5%* -6.8% 39.6% 21.87%
10 Yr 14.7%* 6.9% 23.9% 64.38%

* Annualized

Return Ranking - Calendar

Period MRAEX Return Category Return Low Category Return High Rank in Category (%)
2020 10.6% -67.0% 145.0% 90.68%
2019 2.4% -28.8% 76.0% 97.28%
2018 -11.5% -64.5% 19.1% 48.63%
2017 26.0% -68.7% 64.3% 14.77%
2016 10.2% -56.6% 15.3% 3.10%

Total Return Ranking - Trailing

Period MRAEX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -3.4% 25.7% 68.29%
1 Yr 18.5% -9.0% 145.0% 90.90%
3 Yr 19.2%* -8.4% 51.8% 59.27%
5 Yr 19.1%* -7.9% 39.6% 36.56%
10 Yr 14.0%* 6.9% 23.9% 72.62%

* Annualized

Total Return Ranking - Calendar

Period MRAEX Return Category Return Low Category Return High Rank in Category (%)
2020 10.6% -67.0% 145.0% 90.68%
2019 2.4% -28.8% 76.0% 97.28%
2018 -11.5% -64.5% 29.5% 67.14%
2017 27.4% -24.8% 64.3% 42.35%
2016 10.7% -56.6% 17.1% 4.23%

NAV & Total Return History


MRAEX - Holdings

Concentration Analysis

MRAEX Category Low Category High MRAEX % Rank
Net Assets 60.3 M 10.3 K 256 B 89.76%
Number of Holdings 108 1 2373 24.28%
Net Assets in Top 10 17.3 M 378 K 89.8 B 92.13%
Weighting of Top 10 38.66% 10.8% 100.0% 75.41%

Top 10 Holdings

  1. Snap Inc Class A 9.43%
  2. Pinterest Inc 5.88%
  3. Chewy Inc 5.44%
  4. Option on Synaptic Pharmaceutical Corp 5.10%
  5. Option on Synaptic Pharmaceutical Corp 5.10%
  6. Option on Synaptic Pharmaceutical Corp 5.10%
  7. Option on Synaptic Pharmaceutical Corp 5.10%
  8. Option on Synaptic Pharmaceutical Corp 5.10%
  9. Option on Synaptic Pharmaceutical Corp 5.10%
  10. Option on Synaptic Pharmaceutical Corp 5.10%

Asset Allocation

Weighting Return Low Return High MRAEX % Rank
Stocks
97.64% 51.75% 112.08% 73.96%
Cash
2.37% -12.08% 48.25% 23.46%
Preferred Stocks
0.00% 0.00% 1.88% 68.52%
Other
0.00% -5.20% 20.00% 69.93%
Convertible Bonds
0.00% 0.00% 7.90% 66.37%
Bonds
0.00% -0.73% 20.94% 67.60%

Stock Sector Breakdown

Weighting Return Low Return High MRAEX % Rank
Technology
22.54% 0.00% 88.51% 88.64%
Communication Services
17.97% 0.00% 68.14% 16.56%
Financial Services
17.69% 0.00% 39.75% 5.27%
Consumer Cyclical
16.58% 0.00% 41.42% 45.14%
Consumer Defense
6.93% 0.00% 19.49% 11.58%
Industrials
6.86% 0.00% 29.82% 36.82%
Healthcare
3.51% 0.00% 61.09% 98.07%
Real Estate
2.39% 0.00% 22.68% 25.91%
Energy
2.35% 0.00% 7.96% 5.27%
Basic Materials
1.66% 0.00% 19.40% 40.53%
Utilities
1.52% 0.00% 11.81% 12.99%

Stock Geographic Breakdown

Weighting Return Low Return High MRAEX % Rank
US
95.50% 39.12% 106.92% 39.72%
Non US
2.14% 0.00% 41.45% 68.30%

MRAEX - Expenses

Operational Fees

MRAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.64% 0.01% 23.28% 19.53%
Management Fee 0.85% 0.00% 1.50% 91.63%
12b-1 Fee 0.25% 0.00% 1.00% 47.74%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

MRAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.25% 8.50% 29.53%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MRAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 5.00% 26.15%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MRAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 140.00% 0.00% 358.00% 92.86%

MRAEX - Distributions

Dividend Yield Analysis

MRAEX Category Low Category High MRAEX % Rank
Dividend Yield 0.00% 0.00% 5.95% 67.52%

Dividend Distribution Analysis

MRAEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

MRAEX Category Low Category High MRAEX % Rank
Net Income Ratio -0.50% -56.00% 1.99% 79.28%

Capital Gain Distribution Analysis

MRAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

MRAEX - Fund Manager Analysis

Managers

Clay Freeman


Start Date

Tenure

Tenure Rank

Sep 03, 2019

1.33

1.3%

Employed by the ArrowMark Colorado Holdings, LLC as an investment research analyst since 2008. Mr. Freeman focused on larger capitalization stocks within the communications industry as an equity research analyst at Janus Capital Management LLC from 2004 - 2007. He graduated Phi Beta Kappa from the University of Colorado and also earned an MBA with a Finance concentration from the Daniels College of Business at Denver University.”

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 53.03 7.61 1.0